Starting a Business in Luxembourg

Luxembourg is a great place to start your business. Unlike other countries that have high taxes, high labor costs and are just generally unattractive to business, Luxembourg is the complete opposite. Here are a few of the many reasons why you should consider moving your business to Luxembourg.

The first reason you may want to move to Luxembourg is due to the low cost of the value added tax. Luxembourg strives to keep their VAT rates as low as possible. They have some of the lowest VAT rates in all of Europe. This not only makes it easier to sell items within the county itself, but to supply other neighboring countries with the products that they need as well.

Transportation is another great reason to choose this fine country. While it may be small, it is positioned in the middle of a massive network of rail, airports, and roads. You can literally set up a great supply center here for next to nothing! All that needs to be done is to have the businesses and the packages can get rolling to consumers sooner than ever.

Governmental support is another major factor in the country of Luxembourg. Unlike other countries where you are dealing with governments who do not want you there, Luxembourg wants business. In fact, they want business so much that they are willing to give away help in the form of tax credits and help in building business parks.

A multilingual workforce could play an even bigger role in this global economy. Luxembourg would be a perfect place to locate your call center, shipping and receiving departments or just a headquarters for your business. With the wide range of languages, business can truly be conducted on a more global level.

Energy is widely available to the entire country. Unlike other areas of Europe who struggle with their energy needs, Luxembourg has more than enough to power your business and any others who want to move into the area along side of it.

There are also a large number of special exemptions and reductions for VAT depending on what your business does. For example, all businesses that deal with internet services or provide services to large public holding companies do not need to pay nearly as much VAT as some of the other companies within the country. Read the specifics to find if your business qualifies, as it could save you even more!